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Devaluation and revaluation
1.
2. Devaluation and Revaluation:
• Devaluation refers to reduction in the value of domestic currency by
the government. On the other hand, Revaluation refers to increase in
the value of domestic currency by the government.
3. Devaluation Vs. Depreciation:
Basis Devaluation Depreciation
Meaning: Devaluation refers to reduction in
price of domestic currency in
terms of all foreign currencies
under fixed exchange rate regime.
Depreciation refers to fall in market price
of domestic currency in terms of a foreign
currency under flexible exchange rate
regime.
Occurrence: It takes place due to Government. It takes place due to market forces of
demand and supply.
Exchange Rate System: It takes place under fixed
exchange rate system.
It takes place under flexible exchange rate
system.
